18,240 Shares in Brookfield Infrastructure Co. (NASDAQ:BIPC) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in Brookfield Infrastructure Co. (NASDAQ:BIPC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,240 shares of the company’s stock, valued at approximately $660,000.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Brookfield Infrastructure by 23.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,765 shares of the company’s stock valued at $831,000 after buying an additional 3,933 shares during the period. Comprehensive Money Management Services LLC bought a new position in Brookfield Infrastructure during the fourth quarter valued at about $1,089,000. Toronto Dominion Bank grew its position in Brookfield Infrastructure by 158.7% during the fourth quarter. Toronto Dominion Bank now owns 99,207 shares of the company’s stock valued at $3,974,000 after buying an additional 60,858 shares during the period. Squarepoint Ops LLC bought a new position in Brookfield Infrastructure during the fourth quarter valued at about $724,000. Finally, Snowden Capital Advisors LLC grew its position in Brookfield Infrastructure by 7.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 14,316 shares of the company’s stock valued at $573,000 after buying an additional 1,012 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 0.9%

NASDAQ BIPC opened at $40.50 on Thursday. The company has a market cap of $4.82 billion, a PE ratio of 28.13 and a beta of 1.38. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $45.29. The firm’s 50-day simple moving average is $38.48 and its two-hundred day simple moving average is $38.99.

Brookfield Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s payout ratio is 119.44%.

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.